Aug. 24, 2022 - Bannon's War Room
48:46
Participants
| 
| Speaker | Time | Text |
|---|---|---|
| Keep an American State. | ||
| In it, Ed writes this, quote, Disabling the non-military side of America's state is not a recent Republican priority, but its record is decidedly mixed. | ||
| On the one hand, day-to-day U.S. | ||
| administration has become ever more difficult. | ||
| The restrictions placed on federal agencies, including the IRS, has grown more onerous over the years. | ||
| People's interfaiths with the U.S. | ||
| government can be a painful experience. | ||
| The democratic habit of micro-regulation, which acts like a full employment charter for lawyers, also has added to D.C.' 's slow movingness. | ||
| That, in turn, makes voters more receptive to anti-government rhetoric. | ||
| financing the U.S. government is about to get much costlier. | ||
| Biden's new law, the Inflation Reduction Act, will go some way toward leveling the playing field between underpaid IRS agents and overpaid corporate lawyers. But if Republicans regain control of Congress in November, it could prove a short-term victory. They can simply block the IRS budget. | ||
| The societal cost of this latest disinformation campaign is hard to count. Millions of Americans now think the U.S. government is armed, dangerous, and out to get them. It is a whopper of a lie, but lies have a way of taking root. And they have, Ed, as you point out in the piece, from senior members of the United States Senate. Chuck Grassley of Iowa going on television and saying armed IRS agents with AR-15s are going to kick in the doors of small business owners. It's a conspiracy theory that has taken hold at the | ||
|
unidentified
|
highest reaches of the party. | |
| And of course, I mean, we've seen it before. | ||
| This isn't new. | ||
| You know, think of death panels and Obamacare. | ||
| Think of the propaganda around the estate tax, rebranding it as a tax on family-owned farms in Iowa, etc. | ||
| But it's getting considerably worse. | ||
| To have mainstream Republicans talking not just of abolishing the IRS and the FBI for that matter, but depicting their agents, depicting these government employees as essentially shock troops for globalists, autocrats who are coming to a home near you to take your property, to take your Bible, to take your guns, whatever it is. | ||
| The scale of rhetoric ...is getting a lot, lot worse. | ||
| And it's hard to measure that. | ||
| It takes root in people's heads. | ||
| And in terms of the IRS... I have it. | ||
| Okay. | ||
| Note to the Administrative State, because that's Ed Luce, the lead American domestic columnist for the Financial Times of London. | ||
| Morning Joe producers, if you're going to roll somebody out, To talk about the administrative state, the jackbooted nature of it to the American people and have residents. | ||
| I don't think Ed Luce's, the way he presents is maybe the way to do it. | ||
| Not just that he's always wrong about things, but just, it's just the way it comes across. | ||
| Okay. | ||
| Just a note. | ||
| You're not gonna see that in the war room. | ||
| I got Cortez. | ||
| I got a, I got a Colombian boxer from Chicago. | ||
| I got Dave Walsh, another hammer. | ||
| I got Peter Navarro. | ||
| He's in a tight black shirt, you know, doing a, doing a flex, right? | ||
| Okay, I got Harnwell, but Harnwell we bring in cast against type, but he's dropping bombs all the time. | ||
| Morning Joe producers, when you're gonna do a segment like that, give me Mika or even give me crazy Gumby Joe. | ||
| Do whatever you got, but you can't bring in Ed Loose. | ||
| That just fires us up more. | ||
| I think we're going to play that on a loop. | ||
| One of the things they teach you at Harvard Business School, one of the first lessons you learn is called opportunity cost. | ||
| It's not just the cost of what you're shelling out. | ||
| It's what you're not doing and shelling that out. | ||
| The true cost is the opportunity of what you should be doing. | ||
| And that's what we're seeing here. | ||
| Okay, and now the administrative state is totally up in arms because we've exposed exactly what they're trying to do. | ||
| So, they continue to shove money into their pet project, which is taking down the Russian people, and they're trying to do that in Ukraine, on the Russian-speaking border of Eastern Ukraine, while they Exacerbate an invasion here, and then they roll out the spokes model for the World Economic Forum Davos. | ||
| Let's bring in the quite, how do I say this, the anti-masculine, I'll say it politely, the anti-masculine British, you know, spokesperson for the Financial Times of London. | ||
| The tip sheet for the party of Davos. | ||
| Let's roll him out on a Wednesday morning to lecture the Americans About not as government. They confuse us. Not this is about an administrative state and they're in full thing of defending Oh, yeah, you know, they're you know, we're a little slow. | ||
| We got to do it. You guys are finished. We're gonna take it apart Let me refer ed loose in the Financial Times of London back to what we started with in in Florida today. I think ed You and the guys in London would understand something called the Concord Bridge Lexington and Concord a bunch of farmers Right that stood up to the greatest army in the world right and said hey not we're not doing this anymore | ||
| The administrative state in London, ruled by a landed gentry that was detached from the reality of not just the people in England that wanted to get out of there, But more importantly detached to this new breed of person that was in this new Jerusalem called Americans as as Ben Franklin said and we're not going to take this anymore The moms right there are the farmers at Concord the farmers at Lexington green those moms for Liberty or it It's Financial Times of London. | ||
| It's over the games over. | ||
| It's just how rapidly we deconstruct it We're coming for you And we're coming for you about how you guys have funded this, just in printing money. | ||
| That's all out there and going to come. | ||
| Whether it's going to be Fauci and the biopharmaceutical apparatus you've got, whether it's the financial apparatus you've got, whether it's the intelligence and control apparatus, it's over. | ||
| Do you think the women we had on here today taking school boards, do you think they're going to back off taking this thing apart? | ||
| No. | ||
| The Americans say this is participatory populism. | ||
| It's not Trump. | ||
| Trump's a moderate in this movement. | ||
| This movement is now arising. | ||
| President Trump's our leader. | ||
| He's the instrument. | ||
| We need him in 2024. | ||
| He should announce, he should announce months ago, but hey, this afternoon to be fine for 2024, but it's bigger than Trump. | ||
| It's more focused than Trump. | ||
| It's tougher and it's relentless. | ||
| Ben, real quickly, give me, in Scotland, they're feeling it in the UK of doing this. | ||
| Give me your wrap-up and I got to go to Walsh and Cortez. | ||
| What do you got for me? | ||
| It's difficult, Steve, for me to follow this because after that anti-Limey tirade, I think next time I really need to come in and put a red coat on or something. | ||
| I'm as fond as the next man is when you put the knife into Ed Loose. | ||
| Here's an illustration, OK, of opportunity cost. | ||
| This is a pure illustration. | ||
| So if Denver wants to get this photo up, this is the conclusion of the previous articles I was talking about. | ||
| This is a scene From the streets of Edinburgh, which is probably Scotland's most genteel city. | ||
| You can see here the rubbish or the trash, as Americans like to call it, piling up there by the sides of the road. | ||
| This is unseen, unwitnessed before scenes of degradation and decline building up in Scotland. | ||
| And the headline that accompanies this article is No Bottomless Pit of Money to End Edinburgh bin strikes, says Nicola Sturgeon, who's Scotland's first minister. | ||
| Now, just my concluding point is this. | ||
| For essential services in the United Kingdom, there's not a bottomless pit because there's opportunity costs. | ||
| What we spend on X can't be spent on Y. Whilst that message is being made, it is being totally undercut by the national government, not only in the UK, but as we just saw before the break, across capitals And that is, we're in this for as long as it takes. | ||
| Whatever the resources it requires, we're going to continue feeding this through to Ukraine. | ||
| This is a conflict-free message. | ||
| When it comes to their pet projects, they've got a bottomless pit, you know, $3 billion, another $3 billion from the apparatus. | ||
| But when it comes to their citizens in Scotland, what a great country. | ||
| No bottomless pit there to pick the garbage up. | ||
| That's not a bottomless pit. | ||
| No bottomless pit to help the... No, but we have a bottomless pit when we're there for Zelensky and the rest of these promoters that are skimming it right off the top in your face. | ||
| Ben Harnwell, how'd they get to your social media? | ||
| Yep, Steve. | ||
| Basically, for people who pay the taxes, no bottomless pit. | ||
| For people who live off the grift, the doors are always open. | ||
| I'm on Getter exclusively. | ||
| It's my surname, Harnwell. | ||
| I'm there 24-7 pushing out Or my hard-line intolerance against government waste and fraud. | ||
| Brother, thank you. | ||
| Let me go to Cortez. | ||
| Steve, tell us where we are economically. | ||
| Then we're bringing Walsh to tell us, hey, we ain't even seen the bad news yet. | ||
| The bad news has not even hit us. | ||
| Walk us through where we are, sir, in this entire fiasco. | ||
| Well, the news is terrible and it's about to get worse. | ||
| If I could though, first, let me just, if you would indulge me, a quick comment about that MSNBC clip that you showed, because I think I do have some authority here. | ||
| I worked for 15 years in cable news, worked for all of the major networks, and I would put that clip as Exhibit A for the audience out there and for all Americans. | ||
| However corrupt, however disconnected and aloof you think Corporate media is both on-air talent and the producers. | ||
| It is so much worse than you could ever imagine. | ||
| And I would point to that clip as evidence. | ||
| I mean, think of this. | ||
| So MSNBC said, okay, we want to lecture the American people about being too anti-tax and too anti-IRS. | ||
| Who are we going to go to? | ||
| Who are we going to call out of the bullpen? | ||
| And some New York newsroom dandy said, I know, let's go to Sir Edward Luce, the Viscount of Marlborough, with his Queen's English accent. | ||
| It'll be perfect to lecture the United States, a country that was born in a tax rebellion against the United Kingdom, I might add. | ||
| A rather delicious irony of that clip. | ||
| So before I get to the economy, which... No, hold it, hold it, hold it. | ||
| Stop, stop, stop. | ||
| Hang on. | ||
| We got to stay on this. | ||
| It's so important. | ||
| No, whoever the segment producer was, And I don't like guys being unemployed. | ||
| He's got to be reassigned. | ||
| It's exactly the point. | ||
| Our revolution was built on this, and you bring the Duke of Marlborough out to lecture the colonists about their ways. | ||
| Are you doing this to TF War Room? | ||
| They must be doing it, right? | ||
| They're doing it to TSF, Steve? | ||
| You apparently have pictures of Willie Geist, and you forced him to do this for us this morning, which, kudos to you. | ||
| Uh, apparently. | ||
| Yeah, look, I have no idea there's such a thing as the Viscount of Marlboro, but I made it up because it sounds great. | ||
| So, uh, but you know, regardless, here's the thing. | ||
| This is what they actually said. | ||
| I want to quote from that article from the, from the FT. | ||
| Quote, armed, this is what we think of the American government. | ||
| Armed, dangerous, and out to get them. | ||
| Uh, yes, yes, yes, and yes. | ||
| That is exactly what we think of the Biden regime. | ||
| They are armed, they are dangerous, and they are out to get them. | ||
| And Ed Luce, he also said, the Viscount of Marlboro, he also said, we've seen it before. | ||
| You're damn right we've seen it before in 1776, you limey sod, good and hard, back then when you lost the crown jewel of the British Empire, again, over taxation, okay? | ||
| So this is a very significant issue to Americans, and yes, we are instinctively anti-government, and when we hear about the taxman arming himself, And that's not some conspiracy theory, right? | ||
| We know it from their own recruitment, their own HR advertisements, as he would pronounce it. | ||
| We know that that is a serious encroachment upon Americans' rights, and we react accordingly. | ||
| They tell you about another three billion dollars they're shoveling in for the defense contractor buddies into Ukraine when the Europeans have not made any other commitments and are not going to make any other commitments. | ||
| What are they missing? | ||
| What is so hard about the logic, sir? | ||
| To put that in context too, the fact is every few days now we send a billion or more dollars over to Ukraine to massively escalate and exacerbate a conflict in which the United States has no discernible vital U.S. | ||
| national security interests. | ||
| But Ben Harlow made a great point. | ||
| Every dollar that we borrow, we don't have it, every dollar that we borrow to send over there to that corrupt regime, both of them are corrupt, there's no good guy in that fight. | ||
| Every dollar we spend there is one that we cannot spend here. | ||
| And let me put that in context, because it's not as though things are going well here, and the United States is in a position to just dole out largesse to the world. | ||
| American citizens borrowed in the second quarter of this year, which is the latest data we have, $46 billion in credit cards. | ||
| $46 billion in credit cards. | ||
| That was the highest total in 20 years. | ||
| They took out a total of $233 million new credit cards to do that. | ||
| That was the highest total since 2008. | ||
| So Americans are massively indebting themselves to deal with Biden's inflation at an extremely onerous interest rate through credit cards. | ||
| To put that in context, We have spent well more than $46 billion on Ukraine. | ||
| We could literally have written off all of that debt for Americans. | ||
| And I'm not saying that's a good idea. | ||
| I don't believe in those kinds of just mass handoffs. | ||
| But to put this in context, how much we're spending, we could have said all of that second quarter credit card debt that Americans piled on at record pace. | ||
| We could have literally snapped fingers and gotten rid of it. | ||
| Instead, we're sending it over to Zelensky so that he can escalate a conflict in which we don't have an interest and he can pose for Vogue magazine and be the toast of the town for Hollywood celebrities and defense contractors and their lobbyists. | ||
| In Washington, D.C. | ||
| This is a cruel paradox when you think of that contrast of suffering Americans, regular Americans who literally can't pay their bills. | ||
| And we're going to get into those details, I believe, who literally can't pay their most basic bills and yet sending a mountain of money that we do not have to escalate what should be a regional conflict into something that matters to regular Americans suddenly. | ||
| OK, hang on a second. | ||
| I got Dave Walsh on energy. | ||
| I got Peter Navarro from Habit. | ||
| I've got Steve Cortez from the boxing rings of Chicago in the pits of Chicago. | ||
| Zero Hedge breaking a story right now. | ||
| Major food crisis coming in 2023. | ||
| Quote, prices will be on steroids. | ||
| After the election. | ||
| Why? | ||
| Principally because of energy. | ||
| Okay, we're going to get to all of it. | ||
| We're going to restructure the show a little bit because we're going to continue on this. | ||
| It's so important. | ||
| Cortez, Navarro, Walsh. | ||
| All next on Economics and Geopolitics Next in the War Room. | ||
|
unidentified
|
War Room. | |
| Pandemic. | ||
| Okay, big box kicked him out, but we embraced him. | ||
| That is Mike Lindell and the great company up there at MyPillow. | ||
| Go to mypillow.com, promo code WAROOM. | ||
| It's that time of year. | ||
| That we're sending the kids back to school. | ||
| You keep the soccer trophies and give him a pillow. | ||
| Okay, get that pillow from my pillow.com promo code warm $19.88. | ||
| That's the classic used to be able to get in Walmart. | ||
| Not anymore woke Walmart decided no his theories about politics is theories about His theories about the election, and most particularly his theories about religion, are just a little too much, so we're going to cut him off. | ||
| Well, you can get them on MyPillow.com. | ||
| Promo code WORM. | ||
| Go there. | ||
| Check it out. | ||
| Everything. | ||
| You got all the buy one, get one's free, the sales, all of it. | ||
| Too long a list even to talk about. | ||
| So go there and check it out today. | ||
| Okay, Cortez, we've got a lot of wood to chop here. | ||
| But Steve, why don't you start with all these great analysis you've been putting up on Getter and your thoughts, and then I'm bringing Navarro and Dave Walsh. | ||
| Because here's the thing, everything you're about to hear from Cortez, we specialize in letting you look, as Wellington taught his officers, look over the other side of the hill. | ||
| That's what we've been writing on Ukraine, the pandemic, all this. | ||
| These two guys, Cortez and Navarro, have been talking about stagflation from the beginning of this mess. | ||
| You ain't seen nothing yet. | ||
| What you're going to hear is going to shock you, and baby, this is the upside. | ||
| So go ahead, Steve Kortes, tell us where we are. | ||
| Tell where hard-working Americans are today, sir. | ||
| Citizens of this nation. | ||
| Tax-paying citizens of this nation that go to work every day to support this country and just get the job done. | ||
| On a day we're sending $3 billion over to Zelensky and these crooks in Ukraine, sir. | ||
| Yeah, well, Steve, unfortunately, thanks to Biden and the globalists, they're in a place of tremendous economic deprivation and real anxiety right now. | ||
| And it is going to get worse. | ||
| Unfortunately, I wrote a new article, put it up on my sub stack, the gathering economic storm, because what we're seeing right now are just the beginning parts of the storm. | ||
| And I believe that this economic storm, like a real life hurricane, the backside of it is going to be far worse, unfortunately, than the front side. | ||
| So I want Americans to steal themselves, and I also wanted to motivate them to take political action to change this on the policy front. | ||
| But let me get specific here, too, about what I mean. | ||
| Bloomberg actually published an article, and I was very pleased to see Bloomberg as a corporate media outfit that generally leans very left, occasional truth-telling from Bloomberg. | ||
| Bloomberg News put out an article, if we can show it here in chart one, and they talked about the tsunami of shutoffs for utilities. | ||
| 20 million Americans, Steve, 20 million households, more than 20 million citizens who live in them, 20 million households in the United States are behind as we speak on their utility bill. | ||
| That is one in six Americans. | ||
| Now, so far, many of them have been able to not pay the utility bills because of the moratorium on shutting off their service because of the pandemic. | ||
| Those moratoriums have now expired. | ||
| And therefore, we are about to see an absolute wave of Americans. | ||
| Ends of millions of Americans who literally, Steve, cannot afford the most basic, the most elemental bill in their life, which is to have the power on. | ||
| Now, why can they not afford it? | ||
| Of course, we've talked about the Biden recession, but let me get specific to in regards to electricity. | ||
| So if we put up chart number two, I want to show electricity prices here. | ||
| And this is electricity prices per megawatt hour. | ||
| And this comes from the Bureau of Labor Statistics. | ||
| This is government data that I'm showing you, and I want to compare Trump With Biden. | ||
| Under President Trump, electricity prices were low and stable the entirety of his term. | ||
| Even during the boom days of 2019, electricity prices didn't jump. | ||
| They were low and stable the entirety of his four years in office. | ||
| As I show on that chart, as soon as Biden came in, electricity, like pretty much any other resource, Absolutely started to skyrocket. | ||
| How much? | ||
| Well, in July, and remember, the corporate media so wanted us to celebrate, Steve, 8.5% CPI print, which by historic terms is insanely high, but they wanted us to celebrate that. | ||
| Well, within that terrible headline print of 8.5% overall CPI, so much worse for electricity. | ||
| 15% growth in the month of July, year over year, in electricity costs. | ||
| That was the biggest increase, Steve, since 2006. | ||
| Americans simply cannot pay this bill. | ||
| And again, we are so far away from discretionary items here. | ||
| We're not talking about luxury items. | ||
| By the way, that segment's not doing very well either. | ||
| Nordstrom pre-announced its core earnings for the rest of the year or cut its guidance for the rest of the year. | ||
| That stock's down almost 20% today. | ||
| So even the high end is starting to hurt. | ||
| But what I'm most concerned about right now Hang on. | ||
| middle and lower income folks who literally cannot pay their bills. | ||
| You know, we talked previously about what I think is coming a looming wave of evictions and foreclosures. | ||
| This is very much related, of course. | ||
| Steve, they can't take the power. | ||
| Whoa, whoa, whoa, whoa, whoa, hang on. | ||
| You've talked about repossession the cars. | ||
| You've talked about the behind in the rent or the mortgages. | ||
| Now they're getting their power cut off. | ||
| What am I missing? | ||
| They can't pay for the food. | ||
| The food's blown up through the thing. | ||
| Now you have companies like Nordstrom's. | ||
| They're going bear market in a day. | ||
| 20% down is a bear market. | ||
| Boom! | ||
| Connect the dots to the American people as they sit here today. | ||
| What they're doing is hiring 87,000 IRS agents and uparming them to get blood out of a stone. | ||
| Connect the dots of your analysis the last couple of weeks. | ||
| The repossession of the cars. | ||
| The small businesses that are not making their rent. | ||
| The people behind on their rent are their mortgages. | ||
| And now we know they can't even cut the power on 20 million households, not people, House lights. | ||
| Steve Cortez. | ||
| Right. | ||
| No, listen, this is the reality. | ||
| So while corporate media is trying to make excuses and the White House is just simply lying, claiming the United States is not a recession, Steve, that's not a debatable point any longer, whether or not we are in a recession. | ||
| And we talked about ISM, excuse me, PMI, purchasing managers index services going all the way down to 44 yesterday, massively in contraction territory below 50. | ||
| It's not debatable any longer whether or not we are in a recession. | ||
| It's a matter of the severity. | ||
| and the extent of the recession. | ||
| But when I look at the consumer side of it, when we talk about the repo man getting incredibly busy, when we talk about 5.4 million Americans, according to the Census Bureau survey, saying that they believe they will be tossed out of their home in the next two months, when we look at one out of six American homes who cannot pay for power, they cannot pay the most basic necessity bill of their lives, that's not even just recession, Steve. | ||
| That's the D word. | ||
| We are starting to border on depression. | ||
| And it only takes a serious policy mistake or two from here to send us to that place. | ||
| And again, I don't say this to make Americans despondent. | ||
| I say it to steal their resolve and to motivate them to fix this because the situation is so much more dire than the ruling class wants people to know. | ||
| Okay, I'm going to bring in Navarro. | ||
| By the way, we've got so much news and candidates, we're going to do all that at five because we've got to get through this. | ||
| You know, Navarro is one of the architects, under President Trump, of the golden year of what Cortes says, of 2019. | ||
| The fall and Christmas of 2019 with inflationary wages. | ||
| Peter, there's no magic. | ||
| I mean, not only are we one or two policy decisions away from a depression. | ||
| I want everybody in this audience to know there's no magic wand here now to kind of wave. | ||
| This is going to have to be another, not just victory, but toughness and steely resolve in policymakers in the MAGA movement to turn this around. | ||
| Dr. Navarro, give us your assessment of everything Steve Cortez is laying down about the new Great Depression for the working class in this nation. | ||
| Dr. Peter Navarro. | ||
| Well, none other than the not-so-great Larry Summers came out with a report this week, which says the only way out of the inflation is to get a recession where the unemployment rate goes up to at least 5%. | ||
| And then if that's going to be true, and that's going to be for an extended period of time, what you're going to see is black unemployment be double of what it is now. | ||
| So we're talking about African-Americans Having a 12% rate of unemployment so that we can cure the inflation problem created by the Democrat Party and Joe Biden. | ||
| That's how screwed up things are. | ||
| And we've said repeatedly on this show, Steve, that it's black, brown, and blue-collar Americans who bear the brunt of all this. | ||
| Now, I'm a fan of connecting all the big dots. | ||
| Cortez comes up with his beautiful Bloomberg I sent you a story earlier, Steve, about how there's the incredible drought in China, which is drying up all their power sources there, and they're having to shut factories in China. | ||
| So why do we care? | ||
| Well, for better or for worse, their prices are going to skyrocket at the production level, and we're going to import their inflation. | ||
| Well, the Fed Trump is trying to fight our inflation. | ||
| There's no magic bullet here. | ||
| Signal here is November elections to get Trump Republic to stop doing harm. | ||
| First step, stop doing harm. | ||
| The debt ceiling comes 20 days after the elections, the debt ceiling. | ||
| But hang on. | ||
| The drought is a drought. | ||
| They're talking about it because of climate change. | ||
| There's no rivers. | ||
| All the rivers stopped running. | ||
| Now there are no rivers. | ||
| The problem in China is the Ponzi scheme of the elites with the real estate. | ||
| The implosion I'm hearing is going to be over this country. | ||
| They have a cascade of problems, Steve. | ||
| I wrote back in 2006, the coming China wars, when I predicted they'd stick us with a pandemic, that they were going to run out of water because of how they manage all their resources. | ||
| Climate change is maybe a variable in that. | ||
| But they're destined for that anyway. | ||
| The point is... | ||
| That there's all these conditions globally that are bearing down on America, and it's going to be very, very difficult, absent leadership from Donald Trump, to deal with this, because we've got to fight this on eight different fronts at least. | ||
| First, we're going to have to have leadership by the House. | ||
| We're going to have to have leadership by the House to stop, they said in the article in the FT, stop the appropriate process for the administrative state. | ||
| A bunch of stuff we've got to do here. | ||
| Navarro's going to join us at six. | ||
| There's huge breaking news out of the House. | ||
| about Navarro and Hatfield and hydroxychloroquine. | ||
| We're going to get into all that news on Peter Navarro. | ||
| We've got other candidates. | ||
| I also want to say, before we have you talk about the book briefly, is that Larry Summers, in that interview at the end, they ask him, what are you getting involved back? | ||
| Why are you coming off the beach and getting involved in public life? | ||
| He says at the end, to stop the rise of populism that could overwhelm us in 2024. | ||
| Kaboom! | ||
| Peter, real quickly, the book, how'd they get to you? | ||
|
unidentified
|
Yeah. | |
| Taking Back Trump's America. | ||
| It's the mandate for getting America back for Trump. | ||
| PeterNavarro.com. | ||
| Just go there. | ||
| You can go to Amazon from there and learn about everything else. | ||
| Getter, the Twitter killer and all. | ||
| PeterNavarro.com. | ||
| Buy Taking Back Trump's America today, Admiral. | ||
| We'll see you at six, my brother. | ||
| Navarro's at six o'clock. | ||
| Big issue, my friend. | ||
| Dave Walsh, all next in the world. | ||
|
unidentified
|
We're all gone. We rejoice when there's no more. Let's take down the C.C.P. | |
| War Room. Pandemic. With Stephen K. Bannon. | ||
| The epidemic is a demon and we cannot let this demon hide. | ||
| War Room. Pandemic. Here's your host, Stephen K. Bannon. | ||
| Okay, just to make sure we know you're at the forefront of what is happening in the world and you're driving these stories. | ||
| Politico's got a big story up about what we're going to talk to Peter Navarro and Dr. Hatfield today at six. | ||
| Huge story about the Trump administration trying to use, or really putting forward things like hydroxychloroquine and other therapeutics that would have taken care of things. | ||
| Huge firefight over there right now. | ||
| So the House has released that. | ||
| We're going to have Dr. Navarro and Dr. Hatfield on tonight at six to discuss. | ||
| Cortez, you're putting up great stuff. | ||
| You're doing these live getters. | ||
| Walk people through how they get to your sub stack, your getter, your live streams, all of it, because you're at the cutting edge of all this economic now. | ||
| The audience should understand, too, all the folks listening to radio in Atlanta and up and outside of Philadelphia, people on the Real America's Voice live stream, the Lao Bai Jing. | ||
| You know, I get it every day after the show. | ||
| The top hedge fund guys in the world are calling up afterwards and going, wow, we're not seeing this anywhere. | ||
| This kind of connects the dots. | ||
| And so the theory of the case, as I call it, that we're making for the crushing of the American working man and woman economically, that we back up with numbers every day, is at the cutting edge of economic analysis. | ||
| Steve Cortes, you're the tip of that spear. | ||
| How do people get to you? | ||
| Yes, please find my new Substack article. | ||
| You can find me on Twitter. | ||
| I'm at CortezSteve, Cortez with an S. Prefer you find me on Getter, the free speech platform where I'm just at Steve. | ||
| My new article is The Gathering Economic Storm. | ||
| I'm going to be doing a live stream tonight on Getter, exclusively on Getter, 9 p.m. | ||
| Eastern Time, primarily on immigration, but I'm going to tie immigration into the economy. | ||
| There's never a good time for an open border, but this is the worst possible time when we have this kind of economic crisis in the country. | ||
| The recent NPR poll shows us that Americans are increasingly turning against immigration, even on the legal side. | ||
| We're going to dig into that tonight, 9 p.m. | ||
| Eastern on Getter Police. | ||
| By the way, the Viscount of Marlborough, thank you, sir. | ||
| Just genius. | ||
| Genius. | ||
| Thank you so much, Steve Cortez. | ||
| Let's go now. | ||
| Dave, okay, Dave, everything we've walked through is kind of what's happening now, what's already happened, what's currently happened. | ||
| It's about to get so much worse, and you're the best person to walk us through this. | ||
| Walk us through natural gas energy, what's happening in the world, and why we ain't seen nothing yet, sir. | ||
| Steve, the United States uses about 100 quadrillion BTUs of energy of all types every year. | ||
| Pretty consistent, 2020 to now. | ||
| 4.4% of that is solar and wind. | ||
| 0.4% of that is solar and wind. 95% natural gas, petroleum, coal, nuclear. 95%. For the administration or any administration to wage war on the 95% means we're going to have higher costs as you suppress the supply of those essential energy-based resources. | ||
| And here's the issue of natural gas. | ||
| It's solvable. | ||
| It's solvable. | ||
| We're already exporting 11.8 billion MMBTU per day, cubic feet per day, of natural gas. | ||
| That's going to grow by 2.8 times by 2026. | ||
| We've got, in addition to the Freeport terminal, we've got two more terminals coming online this year at the end of the year. | ||
| We've got two more next year and then huge trains at Golden Pass in Texas owned by Qatari Energy plus ExxonMobil, which will boost U.S. | ||
| exportation about a factor of about 2.8 times by 2026, which means about 34% of our total supply of natural gas will be exported. | ||
| That's achievable if domestic supply is freed up. | ||
| The big issues facing us are pipeline blockages. | ||
| The Mountain Valley Pipeline in Virginia, the Atlantic Coast Pipeline, the Michigan Pipeline No. | ||
| 5 by Enbridge, all stymied by this government across the board in states, the EPA, the Department of the Interior. | ||
| Those pipelines are about people serving, human serving, utility rate-paying customers in the U.S. | ||
| getting access to gas. | ||
| They have to be freed up concurrently. | ||
| With all of the exportation we're allowing. | ||
| I'll tell you, the LNG terminals owned by Kinder Morgan, Dominion, Chenier, ConocoPhillips, are getting pipelines erected to them without obstacle. | ||
| The ones for human consumption seem to be in Virginia, in Michigan, the XL pipeline, all about being obstructed. | ||
|
unidentified
|
That's easily so. | |
| Hang on, I want to slow this down just so the audience understands this. | ||
| What we're talking about is the natural gas here, which the Biden administration is suppressing our development of, is that a bunch of that gets shipped to these LNG Terminus liquefy put on tankers and then goes to Europe to And since these guys are all stock, you know, the Russians are cutting them off This is how they're going to survive once that happens given the lack of development here You're bit always talking about these pipelines around when he says humans. That's to like the East Coast | ||
| This is to get get natural gas to you It connects back to what Steve Cortez is saying the reason people were behind on their bills that the bills are going up and they and Their real incomes are going down with inflation there. So you're seeing 20 million households That, the way it's structured now, that's going to get harder, not easier. | ||
| And as these facilities come back online, I guess the contracts are, they get to take it, ship it overseas. | ||
| Natural gas in this country, which is $10 right now, is $2, under $2 under Trump. | ||
| $10 today, you're going to go to $12, $13, $14. | ||
| Under two bucks under Trump, $10 today, you're going to go to $12, $13, $14. | ||
| Am I wrong in that math, brother? | ||
| No, you're not. | ||
| You're not. | ||
| I projected in a speech about five years ago, we'd be at $12 because of this phenomenon by about 2022. | ||
| Hang on, hang on. | ||
| But slow down, because this is all new information, people. | ||
| Understand what's happening here. | ||
| We have three Saudi Arabias in this nation, divine providence has given us. | ||
| One in the Permian Basin, one up in the Marcella Shale in Pennsylvania, Ohio, West Virginia, and New York, and one in Alaska. | ||
| Three. | ||
| We have three. | ||
| Pennsylvania right now is Saudi Arabia. | ||
| But we're sitting, we're not developing it. | ||
| But the way the thing works is that, and I'm not against exporting for money, but the way this thing works is these kind of get dibs on it. | ||
| That's going to go because they haven't, they've cut these pipelines off and they're not doing it and there's no more development and they're making it hard. | ||
| In New York State, you can't, Cuomo and these nutcases up there won't do it. | ||
| Understand something. | ||
| This is not the second law of thermodynamics. | ||
| There is no physical thing in the universe that makes this happen. | ||
| These are conscious decisions by the powers that be. | ||
| And you, as an American citizen, are getting screwed every day of your life to support the global elites and the party of Davos, who have stopped their own production because of Greta Thunberg, and now the Russians and the Ukraine war, which are pounding in They need the American natural gas. | ||
| Who's going to pay for it? | ||
| You're going to pay for it. | ||
| That tax on you is going to crush you. | ||
| It's not a tax on the government, but instead of paying 2 bucks under Trump, you're paying 10 bucks now. | ||
| You're going to pay 12, 13, 14 dollars. | ||
| Understand that the structure of the economy of this nation, because of the globalists, is out to crush you. | ||
| It's out to crush you. | ||
| You're the last person there. | ||
| Dave Walsh. | ||
| And Dave, just give me, you said the other day, the Tory government's going to fall right now next spring. | ||
| Tell me what's going to happen in England. | ||
| The energy costs right now. | ||
| You just saw in Scotland, we showed the picture, they're not picking up the trash because they don't have unlimited funds. | ||
| They've got to send to Ukraine. | ||
| But walk me through the energy costs of the United Kingdom in the spring of next year, Dave Walsh. | ||
| No, you now have spot market prices for electricity over there, about $500 per kilowatt hour, which on a wholesale basis is about nine times the U.S. | ||
| now. | ||
| Typically, their retail costs are three times the U.S. | ||
| to begin with. | ||
| Now, wholesale costs of electricity, because of the shortage, they're shut down in coal plants, shut down in nuclear plants. | ||
| And specifically, the reduction, again I'm going to come back to this, the reduction of North Sea capacity from 10 million barrels a day, including associated natural gas, by 65% in the last 15 years, down to 3.5 million barrels a day. | ||
| A huge impact on driving prices up because the solar and wind resource is so intermittent, so part-time, it doesn't really matter in the mix of things. | ||
| Their costs are going through the roof. | ||
| Germany had a largest utility mandated a 32% rate increase effective October 1, which will drive German electricity retail prices up to 5.4%. | ||
| 54 cents a kilowatt hour which again is about 11 times 5 times the US at the present rate because of the shutdown of nuclear and coal plant. | ||
| But this, back on the domestic thing, we can export heavily, but at the same time we have to serve the domestic population by freeing up pipelines to allow domestic use. | ||
| The Atlantic Pipeline, the Mountain Valley Pipeline, the Pipeline No. | ||
| 5 in Michigan, all earmarked to be human-serving, utility ratepayers-serving pipelines, get blocked by local governments, state governments, Democrat governments, federal governments, the Department of the Interior, all blocked. | ||
| While we're supporting pipelines to facilities that do entirely exporting, LNG terminals, which is not by itself a bad thing. | ||
| We can do both! | ||
| We can do both! | ||
| Yes, but they have no interest in doing the other, because they don't mind if the American consumer gets cut off. | ||
| They don't care. | ||
| You've got to understand something. | ||
| They don't care. | ||
| And nobody's ever explained it to people. | ||
| We're going to continue to hammer this. | ||
| This is systemic. | ||
| You're underwriting the entire globalist project. | ||
| And we want to make sure you understand that it's your car is getting repo'd because of this. | ||
| You're behind in your rent because of this. | ||
| You're behind in your mortgage. | ||
| You're going to be foreclosed. | ||
| That little bit of equity you have is going to get all wiped out. | ||
| You're going to have to start over again, but you can't because you had a bankruptcy. | ||
| 20 million homes. | ||
| This is not Breitbart or War Room or Citizens Free Press or the Toff Brothers over at Gateway. | ||
| This is Bloomberg. | ||
| They finally came out, quite frankly, I think because the show's been all over, they finally came out and said, hey, you know what? | ||
| We took a look here. | ||
| This is quite interesting. | ||
| It's a tsunami of cutoffs. | ||
| How do you go from no stories to a tsunami? | ||
| It's a tsunami. | ||
| Twenty million households in this country. | ||
| How many of those households have had, we're coming up on the next couple of days on the anniversary of the extraction under fire, the 13 brave patriotic Americans, right? | ||
| I think what 50% are Hispanic from El Paso, Texas. | ||
| How many households in this country are black or African or black, African American and Hispanic are being cut off? | ||
| Right? | ||
| And how many have served their country, right? | ||
| As patriots on foreign battlefields. | ||
| And their parents and their grandfathers and grandmothers, right? | ||
| They're being cut off to underwrite the globalist project. | ||
| And here's the thing. | ||
| It's the German elites and the French elites and the party of Davos that let Greta Thunberg, who's quite frankly financed by, and this cash comes from the KGB and from Russia, to do this insanity of a transition that even if you theoretically believe in it, takes decades and decades and decades. | ||
| And Dave Walsh has got to come on here all the time and say, you know, the solar and the wind, which you see in commercial after commercial after commercial, you think it's powering the world. | ||
| It's 4% and it's in and out. | ||
| It's nothing. | ||
| It's a fantasy. | ||
| It's performative. | ||
| We're talking about the basics, the nation, the repo on your cards. | ||
| You've put $46 billion on your credit card to get by, and they're going to foreclose on that here quite quickly. | ||
| You're back on your rent, they're foreclosing on your mortgage, and now they're cutting the power off. | ||
| You don't think this country, you don't think the working class, no! | ||
| Ed Luce and Willie Geist and the MSNBC producers that did the Viscount of Marlboro segment, they're not in a depression. | ||
| The champagne's popping out in the Hamptons, right? | ||
| It couldn't be better. | ||
| Dave Walsh, real quickly, sir, give us, how do people get to you on social media to see Dave Walsh energy? | ||
| Steve, before that, just at the Cortez remarks, I spent a lifetime building power plants in Mexico, Colombia, Bolivia, Puerto Rico. | ||
| All those, the utilities in those countries programmed in 10 to 15 percent non-paying customers and those who would steal power from the lines because they couldn't pay. | ||
| It is, it is shocking to know that in this country we're now in, kind of in that place so quickly. | ||
|
unidentified
|
Anyhow, it's Ho, ho, ho, ho, ho, no, stop, stop, stop. | |
| I'm gonna keep you over to the next committee. | ||
| We gotta get to, we gotta get to this. | ||
| You just named something. | ||
| We're a third world country for half of our population. | ||
| And that population is gonna revolt and we're gonna lead it. | ||
| All Next in the World. Okay, welcome back. | ||
| We're going to go right to Dave Walsh from Press for Time. | ||
| Dave, you made an incredibly powerful point that you built these power plants all over the world and the executives there say, hey, look, we know 10 or 15 percent aren't going to be able to pay us ever. | ||
| They're going to have to bootstrap and get their power for free. | ||
| We understand that. | ||
| We program into the economic model. | ||
| Is that where the United States of America now is, sir? | ||
| We're absolutely headed there at these costs. | ||
| Let me give one example of that. | ||
| I mentioned Mexico. | ||
| I had the privilege of working with Enrique Ochoa. | ||
| He was the president of CFE, later became the head of the PRI in Mexico. | ||
| When he was running CFE, he invited foreign investment, offshore investment in to do co-development of 16 large-frame combined cycle power plants to displace their oil-fired power plants to drive efficiency way through the roof, provide lower cost of power to Mexican people, | ||
| In states that he identified were impoverished states, energy impoverished states, using resources Mexico had, natural gas and oil, mainly natural gas to fuel modernizing power plants, not wind and solar. | ||
| This is between 2013 and 2018. | ||
| He initiated this program. | ||
| Ten plants built with foreign investment being private public owned monies and about six being built directly by CFE. | ||
| Brilliant strategy. | ||
| The whole purpose, goal, and objective was to electrify the impoverished states in Mexico, because he had a chart. | ||
| He understood things very well. | ||
| Economic development is spurred on by electrification and low-cost electricity for industry and human beings. | ||
| So here, doing the right thing for people, in that case, not wind and solar. | ||
| Not wind and solar. | ||
| Things that matter for low-cost energy and the availability and access to energy to people and industry. | ||
| I saw Mexico as a privilege to be involved in doing that for them. | ||
| A privilege. | ||
| And here we're going the polar opposite direction. | ||
| We're going the opposite way in this country. | ||
| 20 million households can't have their energy cut off. | ||
| Dave, real quick, give your social media so people can track you. | ||
| It's at DaveWalshEnergy on Getter. | ||
| Thank you, Steve. | ||
| Thank you. | ||
| 20 million. | ||
| They program in with Mexico. | ||
| They program in Colombia. | ||
| 15 to 20 percent of the people can't pay, won't pay. | ||
| They just can't do it. | ||
| That's what you're going to hear in the United States. | ||
| Third world country. | ||
| Energy. | ||
| Let's play the cold open for Joe Crouch at iTarget. | ||
| United States Senate. | ||
| Chuck Grassley of Iowa going on television and saying armed IRS agents with AR-15s are going to kick in the doors of small business owners. | ||
| It's a conspiracy theory that has taken hold at the highest reaches of the party. | ||
|
unidentified
|
It is, and of course, I mean, we've seen it before. | |
| I can't stand Marlboro's voice. | ||
| Here's the thing. | ||
| They're trying to say, like, we're apparently the farthest thing from it. | ||
| The Constitutional Sheriff, Sheriff Mack, is going to be on this afternoon. | ||
| He had a little technical problem. | ||
| But these guys are trying to make it like you're bad people. | ||
| You're not bad people, OK? | ||
| In fact, you're the backbone of this nation. | ||
| I want to bring in Eye Target now. | ||
| Joe, walk us through the service that you guys provide for people that want the fundamentals of how to defend themselves, sir. | ||
|
unidentified
|
Thank you, Steve. | |
| Now more than ever, we probably need to be saving all of our ammo and not wasting it on a gun range. | ||
| Yet, we still need to practice, so that's why iTarget was invented. | ||
| So, what I have here is a laser that goes into your actual gun and the firing pin hits the back of it. | ||
| And then allows you to actually train and see where your shots are hitting and I'll show you how this works here. | ||
| Move my camera to show you the system. | ||
| This is, by the way, this is particularly for people, if you've got people in your family, look, if you're an expert you can train and you can get better practice, you don't have all the cost of the ammo, it's so expensive, but this is also to train, particularly family members, if you've got your wife or people that are just now coming to firearms, it's to make sure they can go through the repetitions over and over and over again, don't have to go to a gun range. | ||
| Don't have to go through all the cost and expense of that. | ||
| Not that gun ranges are bad, they're fantastic, but you don't, and you can just do, because remember, it's just like in football or baseball, you need reps. | ||
| Or in basketball, you need reps. | ||
| You need to get comfortable with this. | ||
| So Joe, take it. | ||
|
unidentified
|
It's a diminishing skill, your firearm marksmanship. | |
| Even competitive shooters who do this for a living, actually train, dry fire training often in order to keep those skills sharp. | ||
| So basically, the original product is here. | ||
| It's the iTarget Pro system. | ||
| And what you do is the phone's camera points at the target. | ||
| And then when you use the laser in your gun and shoot on the app, you get to see exactly where the shots are hitting. | ||
| But I'd like to debut today on your show a brand new product we've been working on. | ||
| It's called the iTarget Cube. | ||
| And this opens up a lot more possibilities because now instead of a single stationary target, we have these Multiple cubes that you can place throughout your house and practice room clearing drills. | ||
| And these things are controlled by an app. | ||
| So I'll show you how that works. | ||
| If the app counts down, then the cubes beat. | ||
| And the app tells you exactly how fast you were able to shoot each of those cubes. | ||
| So there's different Training modes with that you can set them up to do room clearing drills or you can have them go off randomly individually and at times you and you just simply sit there with your phone and press the button and you can go again so you can have them scattered throughout your house. | ||
| At our shop we've had people doing clearing drills and you place them throughout the warehouse and me and my employees take turns to see who's the fastest. | ||
| And the purpose of this is gun safety. | ||
| It's to make sure that people get comfortable. | ||
| You can use it on your own weapon, right? | ||
| Not some plain toy gun. | ||
| Your own weapon. | ||
| You get comfortable. | ||
| The person that obviously is the best trained can help those people that are getting up to speed and to do this over and over again. | ||
|
unidentified
|
And the eye target is... Yeah, but it's also great to save on ammo. | |
| You know, it saves you on the ammo cost and it allows you to practice more often because really in this day and age, you have time to go to the gun range every day or, you know, now you can sit every evening and just practice in the comfort of your own home and keep those skills sharp. | ||
| How do people go? | ||
| Where's the site they go to right now to find out more and see if they want to take the app and download it? | ||
| But where do they go right now, Joe? | ||
|
unidentified
|
Yeah, our website is itargetpro.com. | |
| And from there, you'll see both products. | ||
| Like I said, the cubes are a brand new product that we just came out with on our website last month. | ||
| And today's the first time we've put them on the show. | ||
| And if you, there's some videos on there, which show you how they work and lots of information there and instructional videos for people that are hesitant, but it works to your home's Wi-Fi network. | ||
| So basically, anywhere in your house where you have Wi-Fi, you can set these cubes up and then practice running through your house and shooting the targets. | ||
| There's a great video on there on that front page of our website. | ||
| And within that, there's somebody doing just that. | ||
| Joe, fantastic. | ||
| Great new product offering. | ||
| I want everybody to go check it out right now, particularly if ammo costs. | ||
| We understand everybody's hurting for money right now, so if ammo costs are getting to be a big deal, go check it out and you can do as many repetitions as you want. | ||
| Joe Crouch at iTarget. | ||
| Thank you so much, sir. | ||
| Thank you. | ||
| Okay, we've got a lot to go through. | ||
| Five to seven. | ||
| We're going to have some of the candidates to one, some more of the moms. | ||
| We're going to talk, we've got Mike Davis. | ||
|
unidentified
|
Boris is going to update us on everything with the President and the FBI raid and ransack. | |
| Also, big breaking news about hydroxychloroquine and all that coming out of this investigation in the House. | ||
| And we're going to do a little more Ed Loose and Willie Geist in the Administrative State. | ||
| We've got more Economics Act. | ||
| You think today was intense? | ||
| You ain't seen nothing yet. | ||
| See you back here at five o'clock. |
Export Selection